Karen the Supertrader - TastyTrade Hybrid Experiment

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lawrence-lugar said:
You are severely limited on your growth potential if you are an options seller...you are simply collecting that small insurance premium, and you have to have the funds in your acct or hold that security...just in case you have to payout.

You need capital reserves to be an options seller, or insurance company, or bank.
Whereas an options buyer, you can devote 100% of your acct to a trade. Hence, the explosive return potential.

Being an insurance company is a very slow, and steady, business. You won't experience explosive, exponential growth doing that.
It's like the banking business...it's very carefully slow and calculated and conservative.

Trade nearer term options, as close to expiration as possible. they're much more volatile.
It's hard to try to catch a loose balloon from a mile away. it's easier in a room.

.It's hard to give trading advice. o_O. It's rather highly subjective and somewhat ambiguous.

All I can say is learn to predict and/or manage the future. -- Hone your crystal ball. and your mindset.
Try to put the trading battlefield in your favor. You don't enter a war hastily, or randomly.

A fool and his money are soon parted.
Casinos know this. Brokerage Trading companies know this. Gurus knows this. Wall St knows this.

The blind leading the blind,
Karen is a false Prophet. maybe even Tastytrade too -- and Sweet and Sour Bobby.

KISS: keep it simple Stupid. -- don't attempt to trade everything under the sun...just be a Master of One.
Assuming that 'one' is highly liquid.

Mazal tov,
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Thank you for the coaching.
 
Just for the record, Tom one of the Yahoo boys is up 30% YTD.

I like when the students outdo the master... I still don't get why Karen needed the scheme trades instead of just doing what she did, and make money....
 
Pekelo said:
Just for the record, Tom one of the Yahoo boys is up 30% YTD.

I like when the students outdo the master... I still don't get why Karen needed the scheme trades instead of just doing what she did, and make money....
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if most tastytraders stuck to SPX /GC / CL /ZB theyd make so much more money. unfortunately tastytrade loves pushing the " trade small trade often" mantra. its that simple do that and you'll beat all of them
 
I do have short strangles in equity indices, bonds, and commodities almost all the time. I think having that is part of what the tastytrade folks preach, and it works well for me most of the time.
 
Ryan81 said:
I do have short strangles in equity indices, bonds, and commodities almost all the time. I think having that is part of what the tastytrade folks preach, and it works well for me most of the time.
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it works great but when you start trading illiquid stuff and most individual stocks, it gets messy the commissions and slippage really add up
 
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